NEWS RELEASE

FOR IMMEDIATE RELEASE
 

CreditRiskMonitor hires Al Carmenini

VALLEY COTTAGE, NY - July 22, 2005 - CreditRiskMonitor (OTCBB: CRMZ), announced today the appointment of Al Carmenini as Senior Vice President, Product Development. He will report to Jerry Flum, CEO. Al succeeds Tom Corbett, who resigned last week to pursue other long-standing interests. Mr. Flum said, "We are fortunate to have a business credit professional with Al's insight and experience joining our management team. He will be responsible for product development and consulting with customers. Al will take our service offering to the next level, and enable us to continue providing our customers with more value, exceeding their rising expectations."

Mr. Carmenini brings to the company over 20 years of experience in business credit. His background includes senior roles in financial operations at Revlon and Viacom/Simon & Schuster, as well as product development roles at Walker Interactive Systems, Al Carmenini & Associates, and Standard & Poors. He has served as a Trustee of the Credit Research Foundation (CRF), where he was instrumental in creating its benchmarking database. He was a contributing author of "Re-engineering the Credit Function," published by the CRF, and has written articles published in Business Credit and Credit Today. Mr. Carmenini is a graduate of Fordham University.

About CreditRiskMonitor

CreditRiskMonitor (www.crmz.com) is an Internet-based financial information service, designed to save time for busy corporate credit professionals. The service provides comprehensive commercial credit reports covering public companies world-wide and includes detailed financial statements, analysis and trend reports, credit scores, company background information, Standard & Poor's ratings, competitive analyses, public record filings, and trade payment data. The company also offers a continuous monitoring service that keeps customers up to date on events affecting the credit worthiness of companies, including financial statement updates, SEC filings, S&P rating changes, and credit-relevant news stories and press releases.

Safe Harbor Statement: Certain statements in this press release, including statements prefaced by the words "anticipates", "estimates", "believes", "expects" or words of similar meaning, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, expectations or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, those risks, uncertainties and factors referenced from time to time as "risk factors" or otherwise in the Company's Registration Statements or Securities and Exchange Commission Reports.